Vanguard Group Inc. Has $361.86 Million Stock Holdings in Power Integrations, Inc. $POWI

Key Points

• Vanguard Group Inc. reduced its stake in Power Integrations, Inc. by 0.6%, bringing its ownership to approximately 12.60% of the company, valued at $361.86 million.
• Power Integrations reported earnings of $0.35 per share for the last quarter, exceeding analyst expectations, with revenue up 9.1% year-over-year.
• The company announced a quarterly dividend of $0.21, reflecting a 1.8% yield, with a high dividend payout ratio of 144.83%.

Vanguard Group Inc. lessened its holdings in Power Integrations, Inc. (NASDAQ:POWI - Free Report) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,165,537 shares of the semiconductor company's stock after selling 45,298 shares during the quarter. Vanguard Group Inc. owned 12.60% of Power Integrations worth $361,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in Power Integrations by 257.8% in the 1st quarter. Allworth Financial LP now owns 594 shares of the semiconductor company's stock valued at $30,000 after buying an additional 428 shares during the period. Bayforest Capital Ltd increased its holdings in Power Integrations by 54.3% in the 1st quarter. Bayforest Capital Ltd now owns 631 shares of the semiconductor company's stock valued at $32,000 after buying an additional 222 shares during the period. Global X Japan Co. Ltd. bought a new stake in Power Integrations in the 1st quarter valued at $42,000. Johnson Financial Group Inc. bought a new stake in shares of Power Integrations in the 4th quarter worth about $51,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Power Integrations during the 1st quarter worth about $45,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Power Integrations from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Susquehanna dropped their target price on shares of Power Integrations from $70.00 to $55.00 and set a "positive" rating for the company in a research report on Thursday, August 7th. Wall Street Zen cut shares of Power Integrations from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Benchmark dropped their target price on shares of Power Integrations from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $61.67.

Power Integrations Stock Down 1.2%

NASDAQ:POWI traded down $0.55 during mid-day trading on Thursday, reaching $45.05. 666,321 shares of the company were exchanged, compared to its average volume of 703,048. Power Integrations, Inc. has a 12 month low of $39.53 and a 12 month high of $69.53. The company has a fifty day moving average of $52.47 and a 200 day moving average of $53.40. The stock has a market cap of $2.53 billion, a PE ratio of 77.67, a PEG ratio of 2.98 and a beta of 1.31.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $115.85 million for the quarter, compared to analyst estimates of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.86%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 EPS for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 29th. Power Integrations's dividend payout ratio (DPR) is 144.83%.

Insider Activity

In other news, VP Doug Bailey sold 16,989 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $46.41, for a total value of $788,459.49. Following the transaction, the vice president owned 50,798 shares of the company's stock, valued at approximately $2,357,535.18. This trade represents a 25.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gagan Jain sold 2,036 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $46.05, for a total transaction of $93,757.80. Following the completion of the transaction, the vice president directly owned 18,812 shares in the company, valued at $866,292.60. This trade represents a 9.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,014 shares of company stock worth $1,678,322 in the last ninety days. Insiders own 1.40% of the company's stock.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.